SMIC(SH:600810) Zheng Quan Zhi Xing·2025-05-23 09:20Core Points - The company announced the first notice regarding the optional redemption of "Shenma Convertible Bonds" [1] - The redemption is not mandatory, and investors should be aware of potential losses if they choose to redeem at the specified price [1][4] Redemption Terms - The company issued a total of 3 billion yuan in convertible bonds on March 16, 2023, with the bond code "110093" [2] - The redemption price is set at 100.16 yuan per bond, including accrued interest [3][4] - The redemption period is from May 28, 2025, to June 4, 2025, with funds to be disbursed on June 9, 2025 [3][4] Accrued Interest Calculation - The accrued interest is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days [3] - The coupon rate for the third year (March 16, 2025, to March 15, 2026) is 0.80%, with 73 days of accrued interest considered for this redemption [3] Redemption Process - Bondholders can choose to redeem part or all of their unconverted bonds during the redemption period [4] - The redemption application must be submitted through the Shanghai Stock Exchange system and cannot be revoked once confirmed [4] - The bonds will continue to trade during the redemption period but will stop converting [4][5] Trading and Future Announcements - If the total face value of the convertible bonds falls below 30 million yuan due to redemptions, the bonds will still continue to trade until the end of the redemption period [5] - The company will announce the results of the redemption and its impact on the company after the redemption period [5]